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Kodak to begin reorganization talks

Posted at: 10/15/2012 6:35 AM

Kodak is expected to begin talks today with its creditors as part of the company's reorganization plan.

Late last week, Kodak said it is making progress and under its plan will be able to emerge from bankruptcy in the first half of next year.

CEO Antonio Perez says several potential lenders appear to be interested in financing the company's commercial imaging business.

He also says the company is now in a better position to explore funding opportunities.